US: Durable Goods Orders rise by 5.6% in December vs. 2.5% expected
|- Durable Goods Orders in the US grew at a stronger pace than expected in December.
- The US Dollar Index stays below 102.00 despite upbeat data.
Durable Goods Orders in the US increased by 5.6%, or $15.3 billion, in December to $286.9 billion, the US Census Bureau announced on Thursday. This reading followed November's contraction of 1.7% and came in better than the market expectation for an increase of 2.5%.
"Excluding defense, new orders increased 6.3%," the publication further read. "Transportation equipment, also up four of the last five months, drove the increase, $15.5 billion or 16.7% to $108.1 billion."
Market reaction
The US Dollar Index is having a difficult time capitalizing on the robust data releases. As of writing, the US Dollar Index was virtually unchanged on the day at 101.68.
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